February Minutes of Meeting

The general monthly meeting of Bluebonnet MTA was held at Austin School of
Music North on February 21, 2012.

PRESENTATION
The speaker was Lynn Liles from Liberty Tax Service.
The following items were discussed.
Concerts are deductible under professional development.
Traveling expenses may be deducted as per diem and do not require receipts.
Look up per diem standard amounts at irs.gov
IRS is picky about mileage log.
Meeting attendance is deductible as business mileage.
Drop box computer program saves receipts.
College education is deductible at 100 %.
Liffetime learning is deductible at 50%.
Quick Books is a good program, and is not difficult to use.
Income amounts lower than $600 should be reported even if you don't get a 1099
form.
Auditors look at income deposits in your bank account.

BUSINESS MEETING
There were reports about theory test. The test proceeded smoothly.
The tentative judges for the Dance Music Festival are Scott Donald, Courtney
Crappel and Sky.
The program for March will be a presentation about Yamaha by a Yamaha
representative.
The program for April will be about composition.
If a studio student registration form asks about illnesses, the studio becomes
liable if there is a student health incident in the studio.

The meeting was adjourned at 11:00 am.


Lillian Simmons
Secretary
Bluebonnet MTA
http://bluebonnetmta.org/